Real Estate Rookie

338: Rookie Reply: How to Find RARE Rentals by Buying Properties in Preforeclosure

6 snips
Nov 11, 2023
Discover the secrets of finding investment properties in preforeclosure that can lead to fantastic deals. Learn when it’s wise to buy 'subject to' and the crucial costs involved. Get insights into key market analysis metrics like population and job growth. Uncover the pitfalls of listing rental properties and effective strategies for out-of-state renovations. Plus, hear an investing hack that can save you a significant amount on renovation materials!
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ADVICE

Prioritize Investment Goals

  • Determine your primary investing motivation (cash flow, appreciation, or tax benefits).
  • Prioritize relevant market metrics accordingly.
ADVICE

Market Analysis Metrics

  • Analyze various market data points like job industries, population growth, and home values.
  • Use resources like BrightInvestor and NeighborhoodScout to streamline research.
ADVICE

Quantitative vs. Qualitative Data

  • Gather both quantitative data (e.g., vacancy rates) and qualitative data (e.g., conversations with local experts).
  • Talk to property managers, real estate agents, and other investors for insights.
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